Zhongguancun Science-Tech Leasing Co., Ltd. announced that on November 27, 2020, the Company (as the Lessor) entered into the Finance Lease Agreement III with the Lessee, pursuant to which (i) the Lessee would sell its own assets namely, the Leased Assets III to the Lessor, at a transfer consideration of RMB 45,000,000; and (ii) the Lessor would lease back the Leased Assets III to the Lessee for a term of 36 months with a total lease payment of RMB 48,708,273, which under the Finance Lease Agreement III shall include a finance lease principal of RMB 45,000,000 and a finance lease interest income (inclusive of VAT) of RMB 3,708,273. Within the past twelve months, on May 14, 2020, the Company (as the Lessor) entered into the Finance Lease Agreement II with the Lessee, pursuant to which (i) the Lessee sold its own assets, namely, the Leased Asset II to the Lessor, at a transfer consideration of RMB 45,000,000; and (ii) the Lessor leased back the Leased Asset II to the Lessee for a term of 36 months with a total lease payment of RMB 49,149,714, which under the Finance Lease Agreement II included a finance lease principal of RMB 45,000,000 and a finance lease interest income (inclusive of VAT) of RMB 4,149,714.